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India witnesses surge in millionaires, outpacing Asia Pacific; eyes 55% rise by 2029
``India's wealth management market is undergoing a seismic shift, with the number of dollar millionaires expected to grow by over 55 per cent from 2024 to 2029--far outpacing the global average of 21 per cent. A generational wave of first-time wealth creators,...
Ahmedabad Air India crash: Analysis of data from black boxes underway, says govt
"The team, constituted as per international protocol, is led by DG AAIB, and includes an aviation medicine specialist, an ATC officer, and representatives from the National Transportation Safety Board (NTSB) which is a government investigative agency from the state of...
Howden ventures into the Saudi Arabia, to drive strategic growth opportunities
David Howden CBE, CEO, Howden said: “We have already built up a strong partnership with the Kingdom thanks to our role as part of the UK government’s Great Futures delegation, our work with Saudi EXIM bank and our sponsorship of the Jockey Club of Saudi Arabia”...
Himachal flash floods: Search operation to find missing people intensified
In Kangra district, around 15-20 workers stationed at a labour colony near the Indira Priyadarshini Hydroelectric project site were feared swept away following a surge in water level in Manuni Khad in Khaniyara village. Two people died due to the flash flood at the...
Axis Max Life’s IPQ 7.0: Persistent protection gap in rural India
-Rural India’s Protection Quotient rises to 16, up from 12 in IPQ 5.0 – but urban-rural gap stands at 32 points,-Life insurance ownership remains significantly lower, despite awareness gains,-Rural women lag rural men in all protection indices – Protection Quotient at...
79% of Indians unsure if their insurance policy offers adequate coverage: Survey
Saurabh Vijayvergia, founder & CEO, CoverSure, said, “This survey shows that focusing on insurance penetration alone isn’t enough. What people need is insurance that they can understand and use effectively. If policyholders don’t know what’s covered or how to use...
LIC ranks as 4th most valuable Indian brand, ahead of Reliance Industries and SBI, says Brand Finance India report
Top 10 Indian brands post strong double-digit growth led by Tata, Infosys, LIC, HDFC Bank and Reliance Industries.LIC’s 2025 brand value stood at $ 13.6 billion up 35.1% from 2024 brand value of $ 10.07 billion, the report noted Mumbai: State owned life insurance...
French investigators order Tesla to stop ‘deceptive business practices’
Investigators at the finance ministry’s Competition, Consumer Affairs and Fraud Control office said the automaker had engaged in deceptive commercial practices over the fully autonomous driving capabilities of its cars, had issued sales contracts with no date, time or...
Clean energy assets face climate risks, Zurich Insurance Says
Roughly 46% of Europe’s total renewable generation capacity will be at “critical risk” from the fallout of climate change unless owners do more to protect existing and planned assets, according to a report by Zurich Resilience Solutions, a unit of Zurich Insurance...
No compromise on safety, Minister on helicopter accidents on Char Dham Yatra route
"Since it is a hilly area, the air traffic management is challenging as there is no signal there. That is why we are looking for innovative solutions so that we can have better air traffic control," he told reporters on the sidelines of the Helicopters & Small...
EV-carrying ship that caught fire in Pacific ocean has sunk
Demand for lithium-ion batteries, including in EVs, is bringing a new risk to the global shipping industry, particularly given the value of the vehicles on board the largest car-carrying vessels, according to a report last month by insurance giant Allianz. .A ship...
Secondary perils emerging as a big opportunity, Need data and good models to deal with them, says Swiss Re
Beat Strebel,CEO, China, Swiss Re These lesser understood risks are increasingly becoming a source of insurance payouts as extreme weather events lead to billions in economic losses. Traditionally, reinsurers — which provide coverage to insurance companies — haven’t...
India enters top 100 in global SDG rankings for first time
The report's authors flagged that SDG progress has stalled at the global level, with only 17 per cent of the 17 targets projected to be achieved by 2030. New Delhi: India has for the first time secured a place among the top 100 out of 167 countries ranked for their...
HC takes suo motu cognisance of sale of drugs cigarettes outside schools colleges
The bench of Justices Ravindra Ghuge and Y G Khobragade on June 20 said it came across "disturbing" news articles on people running businesses selling banned items such as drugs, cigarettes and e-cigarettes outside schools and colleges. Mumbai,The Bombay High Court's...
Authorities identify all but one of 260 victims of Air India plane crash
"We have identified 259 victims. They include 240 passengers and 19 non-passengers. DNA test result of one passenger is still awaited," said Rakesh Joshi, superintendent of Ahmedabad civil hospital AHMEDABAD: Authorities in Gujarat state said on Tuesday they had...
DGCA finds various defects in aviation ecosystem during surveillance at major airports
Among other defects, the regulator found that a simulator was not matching with the aircraft configuration and also the software was not updated to the current version. New Delhi: Aviation watchdog DGCA on Tuesday said surveillance conducted at major airports revealed...
Iran-Israel conflict: Re/insurers face complex set of financial, operational, and strategic risks
The Iran-Israel conflict is, in many ways, a stark reminder of the insurance industry's evolving role as an absorber of geopolitical and systemic risk in an increasingly interconnected world, says Morningstar DBRS, a global credit rating agency The hostilities between...
Need for robust data quality to fortify digital governance, cultivate public trust: Niti Aayog report
While India's digital foundation are in place, the challenge now is ensuring that what flows though them is accurate, complete, and trusted New Delhi: Niti Aayog on Tuesday emphasised the urgent need for robust data quality to fortify digital governance, cultivate...